IBM will spend US$745 million to buy software-development tools company Telelogic, Big Blue said on Monday.

Sweden-based Telelogic, which has about 1,100 employees worldwide, makes software for developing complex applications.

Telelogic's application lifecycle management products are used to design, write and test software. Its software tools can be used in the creation of sophisticated products such as automobile braking systems or airplane radar, IBM said.

Telelogic's board of directors has offered its support for the deal, which must still be approved by shareholders.

The Telelogic software will become part of IBM's Rational division, which already sells application lifecycle management products. Acquisitions have become a vital part of IBM's revenue growth strategy.

IBM is hosting on its Rational Software Development Conference this week in Orlando, Florida

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